Stoxkart VS Prostocks Comparison:
Here in this article you will get to know all about Stoxcart VS Prostocks comparatively.
Stoxcart, being a part of the SMC group is one of the best trading firms in India at the moment. It is based initially in New Delhi. Though relatively new, yet it offers trading facilities at very competitive prices.
It has apps named Stoxkart Classic and Stoxkart Pro which is supported on both android and iOS. Stoxmf is a facility helping to invest in mutual funds.
It is a stock broker and derivatives participant registered with the SEBI. It offers trading in NSE and BSE, and the fastest-growing flat demat fee stock broker in India.
It is a comparative new stockbroker in the market, but it’s client base is increasing in very high rates. It is famous for its unlimited trading plan and rupees 15 per trade plan.
In the unlimited plan, you can trade unlimited in equity and derivatives, only at 899 rupees per month.
It also has the cheapest stamp duty paid by customers and also has the lowest fee call and trade services among the stock brokers in India.
Let’s now have a detailed look at both of them.
|About the broker||Stoxcart, being a part of the SMC group is one of the best trading firms in India at the moment. It is based initially in New Delhi. Though relatively new, yet it offers trading facilities at very competitive prices.||It is a stock broker and derivatives participant registered with the SEBI. It offers trading in NSE and BSE, and the fastest growing flat demat fee stock broker in India. It is comparative new stock broker in the market, but it’s client base is increasing in very high rates.|
|Type of Broker||Discount Broker||Discount Broker|
|Supported Exchange||NSE, BSE, MCX||NSE, BSE|
|Year of Incorporation||2019||2016|
|Number of Branches||2 branches & 12 partner offices||2|
Stoxkart & Prostocks Charges
|Trading Account Opening Fees||₹500||₹0|
|Trading Account AMC||₹300||₹0|
|Demat Account Opening Fees||₹354||₹0|
|Demat Account AMC||₹300||₹0 (Lifetime zero AMC)|
|Demat Account is Mandatory?||No||No|
Stoxkart VS Prostocks Brokerage
|Account Type||Single Plan||Monthly Unlimited Equity||Monthly Unlimited Currency||Flat Rate Plan|
|Equity Delivery Brokerage||₹0||₹0||NA||₹15|
|Equity Intraday Brokerage||₹15 per executed trade||₹0||NA||₹15|
|Equity Futures Brokerage||₹30 per executed trade||₹0||NA||₹15|
|Equity Options Brokerage||₹30 per executed trade||₹0||NA||₹15|
|Currency Options Trading Brokerage||₹30 per executed trade||NA||₹0||₹15|
|Commodity Futures Trading Brokerage||₹30 per executed trade||NA||NA||NA|
|Commodity Options Trading Brokerage||₹30 per executed trade||NA||NA||NA|
|Special Offer||Get Free Trading + Demat Account for limited time. Trade unlimited for ₹899 or ₹15/trade|
|Minimum Brokerage Charges||₹0||₹0|
|Other Brokerage Charges||₹0|
|Call & Trade Charges||₹20 per executed trade||₹0|
Taxes & other Government Charges
|Securities Transaction Tax (STT)||0.0126% of total turnover||Equity Intraday 0.025% (on Sell trade)|
Equity Delivery 0.1% (on Buy and Sell)
Equity Futures 0.01% (on Sell trade)
Equity Options 0.05% (on Sell trade premium) or 0.125% (on exercised options)
Currency Futures Nil
Currency Options Nil
Commodities 0.01% on sell side (Non-Agri)
|SEBI Charges||₹15 per Cr.||₹15 per Cr.|
|Goods and Services Tax (GST)||18% on brokerage + transaction charges||18% on brokerage + transaction charges|
|Stamp Duty||As per the Client’s state of correspondence.||As per the Client’s state of correspondence.|
Stoxkart & Prostocks Transaction Charges
|Equity Delivery||0.00325%||NSE: 0.00325% | BSE: 0.00275%|
|Equity Intraday||0.00325%||NSE: 0.00325% | BSE: 0.00275%|
|Equity Futures||0.0019%||NSE: 0.0019% | BSE: 0.0005%|
|Equity Options||0.05%||NSE: 0.050% | BSE: 0.0025%|
|Currency Futures||0.0009%||NSE: 0.0011% | BSE: 0.0001%|
|Currency Options||0.04% (on premium)||NSE: 0.040% | BSE: 0.0001%|
Stoxkart or Prostocks Exposure Margin
|Equity Delivery||1x (no margin)|
|Equity Intraday||Up to 25x||7x (Margin intraday sq. off)|
|Equity Futures||Up to 2.5x||2x|
|Equity Options||Up to 7x||1x (no margin)|
|Currency Futures||Up to 2.5x||1.5x|
|Currency Options||Up to 2x||1x (no margin)|
|Commodity Futures||Up to 2.5x|
Also Read: ProStocks Margin Calculator Online
Stoxkart VS Prostocks Feature Comparison
|3 in 1 Account||No||No|
|Margin Trading Funding Available||No|
|Trading Platform||Stoxkart Desktop||ProStocks, NSE NOW|
|Overall Review||3.2 /5||3.3 / 5|
Stoxkart VS Prostocks Investment Options
|Stock / Equity||Yes||Yes|
|Initial Public Offers (IPO)||No||No|
|Bond / NCD||No||Yes|
|Other Investment Options|
Stoxkart or Prostocks Research Report
|Daily Market Report||No|
|Quarterly Result Analysis||No||No|
Stoxkart VS Prostocks for Investor Type
Stoxkart VS Prostocks Risks & Benefits
|Benefits||Pay brokerage fees only on earning.|
Awesome intraday exposure.
|Cheapest broker for flat rate.Demat account free for lifetime and no AMC after a deposit of ₹1000 once.|
Customer service available 24/7.
Call and trade charges cheapest.
Lowest exchange rates.
|Risks||Trading platforms need improvements.|
Quite high account opening charges.3 in 1 account not available.
|3 in 1 account not available.Commodity trading unavailable.|
Thus, here we have the detailed comparison on Stoxkart vs Prostocks. There will always be some sort of risks and some benefits in the open stock market. Before choosing whom to rely on with your money, be sure to know extensively about these firms and their every policy.
Stoxkart or Prostocks, choose the one you have your faith on, and are willing to take the risk with. It will help you make good money.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.